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Practical Law may have moderated questions and answers before publication. No answer to a question is legal advice and no lawyer-client relationship is created between the person asking the question and the person answering it. Where appropriate, you should consult your own lawyer for legal advice. Practical Law's employees are not practising solicitors or barristers. The Ask scope and rules apply.

Will entitlement to entrepreneurs’ relief be affected if the shareholder cannot exercise his voting rights freely?

Resource type: Ask

Status:
Published on 16-Jul-2015

Jurisdiction:
United Kingdom

Original date of publication 26 June 2012, republished for technical reasons, without any changes, on 16 July 2015.

On entrepreneurs relief - are you aware of any guidance/views on whether, regarding the 5% voting rights attaching to shares, this condition is regarded as met even if the shareholder gives an irrevocable proxy to another person (e.g. a director of the company) or the Articles deem the holder to have voted same way as rest of Board/shareholders?

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